• Ripple received MAS approval to expand its MPI license, enabling end-to-end crypto payment services.
• The upgrade allows Ripple to act as a custodian and broker for institutions, not just a payment switch.
• The move follows a $500M fundraising round, valuing the fintech giant at $40 billion.

Ripple has cemented its status as a dominant institutional player in Asia, announcing Monday that the Monetary Authority of Singapore (MAS) has approved an expansion of its Major Payment Institution (MPI) license. The regulatory upgrade allows its subsidiary, Ripple Markets APAC, to offer a “full-stack” digital asset service, covering custody, token trading, and cross-border settlement, under a single regulated umbrella.

While Ripple has had an MPI license since 2023, the expanded scope authorizes it to facilitate end-to-end payment flows using Digital Payment Tokens (DPTs) like …

Read The Full Article Ripple Expands Singapore MPI License for Full Institutional Custody & Trade On Coin Edition.

• Ripple received MAS approval to expand its MPI license, enabling end-to-end crypto payment services.
• The upgrade allows Ripple to act as a custodian and broker for institutions, not just a payment switch.
• The move follows a $500M fundraising round, valuing the fintech giant at $40 billion.

Ripple has cemented its status as a dominant institutional player in Asia, announcing Monday that the Monetary Authority of Singapore (MAS) has approved an expansion of its Major Payment Institution (MPI) license. The regulatory upgrade allows its subsidiary, Ripple Markets APAC, to offer a “full-stack” digital asset service, covering custody, token trading, and cross-border settlement, under a single regulated umbrella.

While Ripple has had an MPI license since 2023, the expanded scope authorizes it to facilitate end-to-end payment flows using Digital Payment Tokens (DPTs) like …

Read The Full Article Ripple Expands Singapore MPI License for Full Institutional Custody & Trade On Coin Edition.